VP, Loan Closing, CPF (New York)

VP, Loan Closing, CPF

The Vice President, Loan Closing, CPF is responsible for facilitating loan closing activities for Centennial Property Finance loans. This position manages the process from post-term sheet through loan closing, including the evaluation of legal and collateral documents, and working closely with the underwriting team to document new information discovered during the underwriting process. The individual must have a strong understanding and knowledge of complex loan structures, including but not limited to : note-on-note financing, repurchase facilities / agreements, intercreditor agreements, preferred equity / JV agreements, construction loans. This position requires strong understanding of closing due diligence matters including title, survey, zoning, insurance, know your client (KYC) requirements, loan servicing / accounts matters.

Essential Duties And Responsibilities

1. Independent day-to-day management of the loan closing process for each assigned loan from post-term sheet through loan closing.

2. Lead negotiations with borrowers and legal counsel on all closing issues.

3. Review legal and other loan closing documents (including the loan agreement and other ancillary documents) to ensure compliance with applicable laws, regulations and approvals.

4. Track and manage outside legal counsel fees and reconciling third party costs with the good faith deposit (GFD) and keep borrower informed of the GFD balance.

5. Lead post-closing debriefing (closing hand-off) to portfolio management and servicing teams to identify critical list of issues to be tracked during term of the loan.

6. Track compliance of legal loan documents to term-sheet and loan approval documents. Ensure deviations are well documented and obtain management's approval to avoid audit exceptions.

7. Ensure post-closing obligations are tracked and satisfied in compliance with post-closing agreements.

8. Collaborate with AVP-Closing to ensure all KYC information is adequately reviewed and complies with the Bank's policies prior to loan closing.

9. Complete required BSA / AML training and other compliance training as assigned.

10. The ability to work in a constant state of alertness and in a safe manner.

11. Perform any other related duties as required or assigned.

Qualifications

To perform this job successfully, an individual must be able to perform each essential duty mentioned satisfactorily. The requirements listed below are representative of the knowledge, skill, and / or ability required.

Education And Experience

Broad knowledge of such fields as accounting, marketing, business administration, finance, etc. Equivalent to a four year college degree, plus 7 years related experience and / or training, and 2 years related management experience.

Communication Skills

Ability to read, analyze, and understand common scientific and technical journals, financial reports, and legal documents; Ability to respond to complex or difficult inquiries or complaints from customers, regulatory agencies, or members of the business community.

Mathematical Skills

Ability to work with mathematical concepts such as probability and statistical inference, and fundamentals of plane, algebra, solid geometry and trigonometry.

Critical Thinking Skills

Ability to define problems, collect data, establish facts, and draw valid conclusions. Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.

Software Skills Required

Intermediate : Presentation / PowerPoint

Basic : Alphanumeric Data Entry, 10-Key

Advanced : Accounting, Spreadsheet, Word Processing / Typing

Working Conditions

Normal working conditions as found within an office setting, wherein there is controlled temperature and a low noise level, plus a minimum of distractions.

Environmental Conditions

The following work environment characteristics described here are representative of those an employee encounters while performing essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The noise level in the work environment is usually moderate.

Physical Activities

The following physical activities described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions and expectations.

Moderate diversity, low physical. Work activities which allow for a moderate amount of diversity in the performance of tasks which are not as varied as those positions with high-level diversity and decision-making. While performing the functions of this job, the employee is frequently required to stand, walk, sit; occasionally required to use hands to finger, handle, or feel, reach with hands and arms, talk or hear. The employee must frequently lift and / or move up to 10 pounds; occasionally lift and / or move up to 25 pounds. Specific vision abilities required by this job include close vision, and color vision.

Additional Information

Required Experience :

• 7 years of relevant commercial real estate finance experience

Required Education :

Preferred Experience :

Preferred Education :

Required knowledge, skills, abilities :